William Hill set to close around 700 betting shops with 4,500 staff at risk

William Hill said of its store closure plans: "This follows the Government's decision to reduce the maximum stake on B2 gaming products to £2 on 1 April 2019.

William Hill set to close around 700 betting shops with 4,500 staff at risk

Around 4,500 jobs are at risk at bookmaker William Hill after it announced plans to axe 700 betting shops across the UK.

The group warned a “large number of redundancies” are expected and it has begun consultation meetings with the 4,500 affected staff.

Shop closures are due to start by the end of the year.

William Hill blamed the closures on the Government’s decision to slash the maximum stake on controversial fixed-odds betting terminals (FOTBs) to £2 in April, which has hammered bookmakers’ sales.

On its store closure plans, the group said:

This follows the Government’s decision to reduce the maximum stake on B2 gaming products to £2 on 1 April 2019.

“Since then the company has seen a significant fall in gaming machine revenues, in line with the guidance given when the Government’s decision was announced in May 2018.”

- Press Association

More in this section

IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub


Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Some of the best bits from irishexaminer.com direct to your inbox every Monday.

Sign up
Execution Time: 0.229 s